Mexican Near-Term Outlook Remains Bright Despite Disappointing Q124
Country Risk / Mexico / Tue 30 Apr, 2024
Key View
- We have revised our forecast for Mexican real GDP in 2024 very modestly lower from 2.5% to 2.3%, which would follow a 3.1% expansion in 2023.
- Growth remained soft at just 0.2% q-o-q in Q124 (0.1% in Q423), but a sequential pick-up in activity during the quarter means that output is on track to rise by over 1.0% q-o-q in Q224.
- After a